Korea: Business confidence picks up but remains pessimistic in December
November 25, 2020
Business confidence in the manufacturing sector rose to 81.0 in December from November's 76.0. December's result marked the strongest reading since May 2018. As a result, the index moved closer to the 100-point threshold, but still indicated pessimism among businesses.
Both domestic and export-oriented firms became less pessimistic in December, while views on sales and profitability grew less gloomy.
Author: Frederico Teixeira de Abreu, Junior Economist